The Best Price to Buy Apple

A break under AAPL's 50-day moving average could result in a pullback

   

The Best Price to Buy Apple

Apple (NASDAQ:AAPL) – With strong earnings and product development second to none, every major research organization has a “strong buy” rating on this stock.

But it has been in such a powerful bull market with rare pullbacks that it has been difficult to purchase AAPL stock at a “bargain price.” However, the current stock market decline may offer an excellent opportunity to own stock in this enormously successful company.

A break under its 50-day moving average (blue line) could result in a pullback to around its 200-day moving average at $340. Buy AAPL on a pullback.

08 19 11 aapl The Best Price to Buy Apple

chart key The Best Price to Buy Apple

 

sam collins banner 520x64 The Best Price to Buy Apple


Article printed from InvestorPlace Media, http://investorplace.com/2011/08/trade-of-the-day-apple-stock-nasdaq-aapl/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.